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Subbarao overrules panel view on rate action in May
Agencies, Mumbai Reserve Bank of India (RBI) Governor Duvvuri Subbarao went against the suggestion of a majority of external members of the central bank’s monetary policy committee that recommended no change in the policy repo rate at a May...
Rupee pulls off 8-1/2 month lows as exporters sell
Agencies, Mumbai The rupee recovered from a more than 8-1/2 month low hit earlier on Thursday, as exporters took advantage of a spike in the dollar to sell the greenback and on fears the central bank would intervene to stabilise the local currency.
The...
Rupee falls for fourth day on weak equities, importer demand
Agencies, Mumbai
The rupee fell for a fourth successive session on Wednesday to mark its longest losing streak in over three months, hurt by dollar demand from oil refiners and a late fall in equities.
The rupee’s fall comes despite strong...
UP become hub of fruits and veggies in the country- ASSOCHAM
Agencies, Lucknow Despite Uttar Pradesh is fast emerging as a hub for fruit and vegetables in the country by 15 per cent growth, lack of food processing industries and shortage of cold storage the post harvest loss was more than Rs 10,000 crore...
Godfrey Phillips Bravery National Awards 2013 honors the Brave of India
Agencies, New Delhi Godfrey Phillips Bravery, a CSR initiative of Godfrey Phillips India, honoured 17 brave hearts from across the nation. The Awards were presented by Kapil Sibal, Honourable Minister for Communications & IT, and renowned...
RBI says will deploy all options to tackle cash crunch
Agencies, Mumbai The RBI said on Monday it will consider all the options available to it to tackle tight liquidity in the market including adjusting banks’ cash reserve ratio, and not just confine itself to bond purchases.
“The assumption...
Rupee gains on hopes of renewed foreign inflows
Agencies, Mumbai The rupee rose on Thursday, snapping two sessions of losses, on hopes of renewed foreign fund inflows on the back of a buoyant stock market, which gained for a fourth straight session.
Foreign funds have poured in over $500...
Gold rebounds but outlook clouded by lower investment
Agencies, London Gold rose on Wednesday as solid physical demand encouraged speculative buying after the previous session’s drop, while support also came from weak German economic data, which fanned speculation the European Central Bank could...
